Gunderson Capital Management Inc. Takes $2.94 Million Position in Flutter Entertainment plc (NYSE:FLUT)

Gunderson Capital Management Inc. bought a new position in shares of Flutter Entertainment plc (NYSE:FLUT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 13,282 shares of the company's stock, valued at approximately $2,943,000. Flutter Entertainment accounts for approximately 1.9% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its position in Flutter Entertainment by 585.7% in the 4th quarter. Farther Finance Advisors LLC now owns 96 shares of the company's stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Flutter Entertainment in the 4th quarter valued at $25,000. IFP Advisors Inc boosted its holdings in Flutter Entertainment by 244.1% during the fourth quarter. IFP Advisors Inc now owns 117 shares of the company's stock worth $31,000 after buying an additional 83 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Flutter Entertainment during the 4th quarter valued at about $33,000. Finally, Parallel Advisors LLC grew its holdings in Flutter Entertainment by 78.9% in the first quarter. Parallel Advisors LLC now owns 136 shares of the company's stock valued at $30,000 after purchasing an additional 60 shares during the period.

Insider Buying and Selling at Flutter Entertainment

In other news, CEO Amy Howe sold 11,814 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $260.50, for a total transaction of $3,077,547.00. Following the sale, the chief executive officer now owns 62,941 shares of the company's stock, valued at approximately $16,396,130.50. This represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeremy Peter Jackson sold 25,027 shares of Flutter Entertainment stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $261.96, for a total value of $6,556,072.92. Following the completion of the transaction, the director now owns 21,148 shares of the company's stock, valued at $5,539,930.08. The trade was a 54.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,156 shares of company stock worth $10,926,922 over the last three months.

Flutter Entertainment Trading Up 0.3%

Shares of FLUT stock traded up $0.75 on Tuesday, hitting $246.58. 886,725 shares of the stock traded hands, compared to its average volume of 1,872,508. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.89 and a current ratio of 0.89. Flutter Entertainment plc has a twelve month low of $174.03 and a twelve month high of $299.73. The firm's 50-day moving average price is $235.43 and its two-hundred day moving average price is $254.24. The stock has a market capitalization of $43.57 billion and a PE ratio of 85.32.

Flutter Entertainment (NYSE:FLUT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.89 by ($0.30). The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.06 billion. Flutter Entertainment had a negative net margin of 6.86% and a negative return on equity of 4.52%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the company earned $0.10 EPS. As a group, analysts anticipate that Flutter Entertainment plc will post 4.17 EPS for the current year.

Analyst Ratings Changes

FLUT has been the subject of a number of research analyst reports. Macquarie restated an "outperform" rating and set a $340.00 price objective (up from $330.00) on shares of Flutter Entertainment in a research report on Thursday, May 8th. Benchmark restated a "buy" rating and set a $300.00 price target on shares of Flutter Entertainment in a research report on Monday, April 21st. Peel Hunt raised shares of Flutter Entertainment from a "hold" rating to an "add" rating in a research note on Monday, March 10th. Truist Financial lowered their price objective on Flutter Entertainment from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Finally, UBS Group increased their target price on Flutter Entertainment from $335.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Twenty research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $306.28.

About Flutter Entertainment

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.